Fiverr International Ltd. (NYSE:FVRR) Short Interest Up 10.5% in November

Fiverr International Ltd. (NYSE:FVRR) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 6,710,000 shares, a growth of 10.5% from the November 15th total of 6,070,000 shares. Approximately 22.5% of the shares of the company are short sold. Based on an average daily trading volume, of 709,500 shares, the days-to-cover ratio is presently 9.5 days.

Fiverr International Trading Up 0.7 %

Shares of FVRR stock opened at $34.33 on Tuesday. The stock has a 50-day simple moving average of $28.95 and a 200 day simple moving average of $25.79. The stock has a market capitalization of $1.33 billion, a P/E ratio of 132.02 and a beta of 1.69. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $36.11. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. On average, sell-side analysts expect that Fiverr International will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Fiverr International

Large investors have recently added to or reduced their stakes in the business. ARK Investment Management LLC lifted its holdings in shares of Fiverr International by 27.1% during the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after purchasing an additional 23,335 shares during the last quarter. Van ECK Associates Corp lifted its stake in Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after buying an additional 2,208 shares in the last quarter. Engine Capital Management LP boosted its holdings in shares of Fiverr International by 2.7% in the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after buying an additional 21,144 shares during the period. Shaker Investments LLC OH purchased a new position in shares of Fiverr International in the third quarter worth approximately $552,000. Finally, Huntington National Bank raised its holdings in shares of Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after acquiring an additional 1,056 shares during the period. 59.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on FVRR. Citigroup upped their price target on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a research report on Wednesday, October 30th. UBS Group lifted their price target on Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Finally, JMP Securities raised their target price on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.30.

About Fiverr International

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.